News summary
The market price of urea is stable. The ex-factory price in Shandong and Lianghe is 2,300 - 2,350 yuan/ton, and the market transaction price is 2,290 - 2,340 yuan/ton. The spot price of methanol is high at 2980 yuan/ton. The average market price of polypropylene pellets was 7721 yuan/ton, a slight increase of 0.0% from the previous working day.avengersarcadegame.21%, on-site spot prices rose due to favorable macro policies.
Newsletter text
[Urea prices have stabilized, and market expectations may remain stable]
The urea market maintained a stable trend, with Shandong and Lianghe regionsavengersarcadegameThe factory price range is 2300 to 2350 yuan/ton, while the actual market transaction price range is 2290 to 2340 yuan/ton. Although the significant rise in urea futures prices has a certain positive impact on the spot market, its overall impact is expected to be limited. Considering the reduction in production of high-nitrogen compound fertilizers, demand for urea is facing shrinking, downstream purchasing attitudes have become cautious, and market wait-and-see sentiment has increased. It is expected that urea prices will remain stable in the short term.
[Methanol market fluctuates, low port inventories support prices]
The methanol price in Taicang market is referred to as 2980 yuan/ton, and the basis is referred to the 09 contract plus 320 yuan/ton. The performance of the methanol futures market turned from strong to weak, which put pressure on the psychology of market participants. However, spot prices remain at a high level supported by low inventories at ports. Although the arbitrage space between the port and the mainland continues to be open, the downstream market is not highly receptive to high-priced methanol. After mainland manufacturers adjusted the new price, the downstream market remains cautious, mainly focusing on just-needed purchases. Some bidding companies are facing The phenomenon of auction, and the trading atmosphere in the spot market is relatively light.
[Polypropylene prices rise, market conditions fluctuate at high levels]
The average market price of polypropylene pellets rose to 7721 yuan/ton, an increase compared with the previous working dayavengersarcadegame16 yuan, an increase of 0avengersarcadegame.21%。The current trading price range in the mainstream market for wire drawing is 7500 to 7600 yuan/ton. The domestic polypropylene market fluctuates at a high level. Although Federal Reserve officials have hinted that they will not cut interest rates in the short term, the market continues to be worried about the economy and demand prospects, and international oil prices have dropped, cost support is still strong. Benefiting from the improvement of macro policies, manufacturers have raised ex-factory prices one after another, and on-site spot market quotations have increased.